China's oil imports rise possible boon for U.S.

China's import dependency [34,224 bytes] Rising CO2 emissions in developing countries [81,333 bytes] China's gas production potential [32,064 bytes] China's rapidly growing need for imported oil can serve as the basis for constructive U.S. diplomacy throughout Asia, a new study asserts. With economic growth lifting oil demand and domestic production unlikely to change, China soon will become a world-class oil importer. The new role will force it to enter a host of trading relationships and security alliances, notes the study by the James A. Baker III Institute for Public Policy of Rice University, Houston. The change provid...

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